If Trump is continually talking about how great the economy and jobs market is, why is he cutting the pay raise for federal employees from 2.5% to 1% citing, a “national emergency or serious economic conditions affecting the general welfare,”
What is he talking about?
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Shouldn’t the actual owner of the business get the credit when jobs are created?
Temporary payroll tax deduction.
‘Sexy Obama calendar’ printing jobs
Your link doesn’t support your claim that the jobs created are crap jobs with poor benefits.
US Median Family income is now almost 69,000.00 and average income is around 88,000.00
All he’s cutting is the rate of growth in federal pay, that’s not going to create a national emergency by any definition.
You aren’t following the point. On one hand Trump is touting how great the economy is. On the other hand, Trump is warning about “serious economic conditions” that require pay cuts.
Which is it? Great times or serious economic conditions?
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Sorry it wasn’t a Gaily Grind link.
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Scratch
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Knew that was coming sooner or later…lol
Kevhead
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What’s trumps excuse? He has been handed a silver platter of corporate tax cuts, baby boomers retiring, regulations being cut and his growth still sucks
Scratch
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He’s saying he has to cut it because of “serious economic condition”…So either the economy is doing great like he says it is…or we’re in a serious economic condition…Which one is it?
He simply used and existing rule to justify it.
There is a potential for a significant slowdown later in the year due to the Wuhan Virus outbreak as is being reported widely so there is justification for it.
What makes you think boomers retiring is a boon to the economy? Once they are out of the workforce almost all of them will be paying far less in taxes.
Ah, so we are heading for serious economic conditions. Ok.
That’s the current prediction.
Productivity will skyrocket as Boomer co workers days aren’t filled showing Boomers how to copy and paste and find files that they’ve lost.
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Wasn’t that part of the Stimulus Package?
My impression was that Obama never had any real substantive economic vision or any substantive policies in general that he proposed and/or really pushed for. Obama knew that being the first not completely “white” president would be a huge advantage to his wealth potential after leaving office and has thus far been able to amass substantial wealth in a very short amount of time. I’m certain at some point potentially very shortly the Obama’s will amass more wealth than the Clinton’s. Consider this:
https://www.investors.com/politics/editorials/barack-obama-rich-taxpayer-subsidies/
No.
The American Recovery and Reinvestment Act (the Obama stimulus package) was signed in February of 2009.
The payroll tax cut was a temporary tax cut that was part of a package approved in December 2010. Payroll taxes are regressive so this was an effective and temporary way to offer the greatest benefit (as a percentage of income) to those earning under ~$120,000.
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